Blind to the big picture, page-3

Not every device will need a permanent cellular connection and could use wi-fi e.g. camera on a street lamp.

But cars can't drive around picking up free wi-fi. They will need a permanent connection.

There will be other devices like that.

This is why TPG will be a $24 stock. When people see the connections climbing and double-digit profit growth over the medium term.

I know two fund managers that will be out of business.